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Wirex Update - New Banking Service Provider
- Thread starter Timo
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I have to be fair to wirexapp they did this with zero downtime. Most other EMI's facing the same problems don't switch over so quickly and tend to send out emails about "payments being suspended while we fix technical issues" ca#"!
WireX for business won't work anymore. Transfers are either rejected or stuck in "processing" status. Regulations for business accounts are different and more complex. That's why they still don't have a backup processor for the business accounts.
They may be able to do manual GBP transfers within the next few weeks. But only for GBP, no other currencies. Exchanging BTC/FIAT will continue to work. So in the worst case you can still take out your money via BTC and exhange somewhere else.
They may be able to do manual GBP transfers within the next few weeks. But only for GBP, no other currencies. Exchanging BTC/FIAT will continue to work. So in the worst case you can still take out your money via BTC and exhange somewhere else.
Yeah I got that email as well. I may come back to Wirex after brexit. But after being on my third iban in 6 weeks with wirex....no chance I will use them right now.
Did see a message pop up about processing issues in mobile app when I logged in some days ago but it went away quicker then I could read it fully. Not tested BTC but works for ETH and XRP ok.
Got that message also. Congratulations to wirexapp for becoming a MasterCard principal member firstly. At least they gave good notice time-frame.
Shame they are just killing of their relationship with Contis so quickly without putting out the replacement multi-currency card. Some overlap would be nice ns2. I look forward anyway to their new multi-currency card like what Revolut and TW have 😀
Shame they are just killing of their relationship with Contis so quickly without putting out the replacement multi-currency card. Some overlap would be nice ns2. I look forward anyway to their new multi-currency card like what Revolut and TW have 😀
i will never signup for this standards (wirex /revoult /payesera /leopay /mistertango/ecopayz/bankera )
That's the way to use Wirex. Wirex allows you to transfer large amount of money via Bitcoins and other crypto currency.
Here is how it works:
EURO => WIREX => EURO to BITCOIN exchange => Transfer to another wallet => BTC TO EURO exchange => EURO
So, you get unnoticed. Until now, noone asked me to provide AML/KYC after moving 8000 euros per transaction.
Here is how it works:
EURO => WIREX => EURO to BITCOIN exchange => Transfer to another wallet => BTC TO EURO exchange => EURO
So, you get unnoticed. Until now, noone asked me to provide AML/KYC after moving 8000 euros per transaction.
You can chain several of them and transfer your money around using BTC.
WIREX <=> QUPPY <=> BITPANDA <=> BITWALA <=> BINANCE
the block chain is the new SEPA
WIREX <=> QUPPY <=> BITPANDA <=> BITWALA <=> BINANCE
the block chain is the new SEPA
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